Friday, 5 August 2011

Simple recipe for prosperity in years of austerity

Do something what 98% people can’t
Use your talent, unique sett of skills, or experience. Do something what most people can’t. Learn about your own uniqueness.

Get information

Information is the most expensive “commodity” in the world. Obtaining information requires a proactive approach and sometimes careful preparation. Remember to make use of written and oral sources.
Make friends with your competitors. Obviously, they won’t tell you everything, but everything else what they will tell you could have a huge value.

Avoid working within the public sector
Now in the era of cuts only private sector gives us hope.

Consider offering slightly lower price
Just get is slightly lower. Don’t oversell yourself and don’t be too expensive. Too low price for customers could mean you are rubbish. In every industry there is a set acceptable minimum (not the total minimum). If you are good at what you do, and you go below that acceptable industry minimum, other colleagues will hate you.

Always offer something extra
This really enhances relations. In business there is always something what others need and something what you can offer. Great businessmen are masters in guessing what others need and they are super aware what they can offer. Talk to people. Maybe someone has a problem and you will know how to resolve it. If you don’t know how to fix it, maybe you know someone who will.

Right attitude
Think positive. When I work, it is good. When I don’t work, it is good too because it gives me time to study, learn something new or promote my business.

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